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situation. for the latest we begin with jon karl. jon, you broke the story of this framework late last night. this morning we were all told the leaders were going to inform their rank and file members of the details this afternoon, but hour after hour has gone by. the briefings haven't taken place, there's no final deal. >> the reason why it hasn't happened is because they have a few minor issues to be worked out. i'm told they are relatively minor issues. once that happens, the hard work happens, which is they have to convince enough rank and file democrats and republicans to support the bill to get it passed. a rare sunday on capitol hill. senators rushing to work and even rarer these days, the leaders actutually smiling. they finally have come together. congressional leaders and the president on a debt plan. it looks like this. a debt ceiling increase of up to $2.4 trillion. that's enough to last through the presidential election. agreement on up to $1.2 trillion in spending cuts over 10 years. a new congressional committee to recommend additional deficit reduction of up to $1.5 trillion.
finally be getting down to business to break the impasse. abc's senior political correspondent, jon karl, has been on this story every step of the way. and he leads us off, once again, tonight. jon, good evening to you. >> good evening, dan. the house and the senate have spent the last 24 hours on a series of showboats on bills that don't have a chance of passing. but republicans say they're fully engaged with the white house. and have spoken with the president this afternoon to find a way to break the impasse. finally, signs of progress. >> i'm confident and optimistic we're going to get an agreement. >> despite our differences, we're dealing with reasonable, responsible people, who want this crisis to end as quickly as possible. and i'm confident we will. >> reporter: you wouldn't know it by looking at what congress is doing. >> the american people are looking for a real solution. >> reporter: the house spent the day voting down the bill offered by senate democrats, even though the sesete hadn't passed it yet. >> there is absolutely no excuse for this reckless, unpatriotic behavior on
at the white house tonight. david, thank you. >>> i want to bring in jon karl tonight, also right there in washington, and jon, you've been deking into what's been going on behind the scenes s re and you told me, you have the president and republican house speaker john boehner actually close to a deal and then what happened? >> reporter: that's right. they were both ready to begin talking about this big deal, but what happened is, speaker boehner faced the opposition, not only from tea party members of congress, but from his own leadership. eric cantor, the number two republican in the house, actually told him point blank that he would not support such a big deal if it included anything that could be called tax increases and cantor said, yhe would lose many, many republicans in the house. >> and it was not only eric cantor on the republican side, but nancy pelosi on the democratic side giving the president trouble. >> reporter: absolutely. i spoke to a lot of tom democratic leaders about this. former speaker pelosi made it clear that she was not going to support anything that woul
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